MediSolution Ltd.
TSX : MSH

MediSolution Ltd.

June 22, 2005 12:55 ET

CORRECTION FROM SOURCE: MediSolution Wins Major Deployment Across A Quebec Healthcare Region

MONTREAL, QUEBEC--(CCNMatthews - June 22, 2005) - The following corrects and replaces the release sent on June 22, 2005 at 09:55 EDT. The complete and corrected release follows.

The Bas-Saint-Laurent Region Selects the MediFinance™ Suite as their Financial Administrative Solution

MediSolution (TSX:MSH) today announced that it has been awarded a contract with the Bas-Saint-Laurent healthcare region in Quebec for the implementation of MediFinance™, an advanced and comprehensive suite of integrated financial administration applications and purchasing management system. This solution will be implemented across the entire region, which includes 10 healthcare organizations. This contract, worth $900,000 in software licenses and professional services, will be implemented over a five year period. In addition to this, contract will also generate annual software support revenues.

CERAC, the Centre Regional des Achats en Commun, is the organization that coordinated the supplier selection process with the 10 participating institutions of the Bas-Saint-Laurent region. According to Mr. Pierre Ducasse, Director of Financial, Material and Informational Resources at the Health and Social Services Centre in Matane (part of the Bas-Saint-Laurent region), and President of the Selection Committee, MediFinance is the best solution, following a quality/price analysis, to help the region achieve their objectives. This region is one of the 18 healthcare regions of the province of Quebec. The integrated solution will improve the efficiency and effectiveness of the financial management process for all healthcare facilities within the region, thus consolidating all the missions of the local healthcare and social services networks.

MediFinance is a suite of applications that embraces a modular approach to maximize flexibility and simplify integration. Each application can be used independently, or integrated seamlessly to deliver a more comprehensive financial management solution. With its highly sophisticated reporting capabilities, administrators can generate reports based on accurate and timely information, and at any level of detail required. The MediFinance suite being implemented within the Bas-Saint-Laurent region is comprised of the following modules: General Ledger, Project Management, Accounts Payable, Account Receivables, Fixed Assets, and Materials Management and Data Repository.

"MediSolution's financial suite is well-suited for a regional deployment," said Paul Lepage, Executive Vice President and COO, MediSolution Ltd. "We are pleased to be working with the Bas-Saint-Laurent region on the implementation of this solution and are confident that we will continue to be the vendor of choice as other regions implement integrated financial solutions."

About MediSolution

MediSolution is a leading healthcare information technology company, providing software, solutions and services to healthcare customers across North America. More than 500 hospitals and other healthcare facilities as well close to 200 public sector or government related organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services. MediSolution has two operating segments. The Resource Management Systems segment is comprised of administrative software solutions such as human resource management, staff scheduling, payroll processing and financial software. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, radiology and laboratory software for hospitals.

MediSolution is publicly traded (TSX:MSH), and has a staff of approximately 330 employees who operate from the Company's Montreal, Quebec headquarters and offices in Canada and the United States. For more information, visit www.medisolution.com.

Contact Information

  • MediSolution Ltd.
    Paul Lepage
    Executive Vice President and Chief Operating Officer
    (514) 850-5040
    info@medisolution.com